Immersion Co. (NASDAQ:IMMR – Get Rating) insider William C. Martin bought 16,243 shares of Immersion stock in a transaction on Tuesday, September 13th. The shares were purchased at an average cost of $5.79 per share, with a total value of $94,046.97. Following the acquisition, the insider now directly owns 681,015 shares of the company's stock, valued at $3,943,076.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Immersion Price Performance
Shares of IMMR traded up $0.02 during midday trading on Thursday, reaching $5.87. 141,215 shares of the stock were exchanged, compared to its average volume of 371,029. The business's 50-day moving average price is $5.67 and its 200 day moving average price is $5.38. Immersion Co. has a twelve month low of $4.28 and a twelve month high of $9.78. The company has a market capitalization of $196.72 million, a price-to-earnings ratio of 22.77 and a beta of 1.56.Get Immersion alerts:
Hedge Funds Weigh In On Immersion
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ExodusPoint Capital Management LP purchased a new position in shares of Immersion during the second quarter worth about $104,000. Goldman Sachs Group Inc. grew its holdings in shares of Immersion by 43.5% during the second quarter. Goldman Sachs Group Inc. now owns 34,785 shares of the software maker's stock worth $186,000 after buying an additional 10,543 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of Immersion during the second quarter worth about $128,000. Cubist Systematic Strategies LLC purchased a new stake in Immersion in the 2nd quarter valued at approximately $201,000. Finally, Renaissance Technologies LLC boosted its holdings in Immersion by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 312,713 shares of the software maker's stock valued at $1,670,000 after purchasing an additional 16,600 shares in the last quarter. Hedge funds and other institutional investors own 44.20% of the company's stock.
Analyst Ratings ChangesIMMR has been the subject of several analyst reports. StockNews.com lowered Immersion from a "buy" rating to a "hold" rating in a research report on Monday, August 15th. Craig Hallum decreased their target price on Immersion from $12.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, June 7th.
Immersion Corporation, together with its subsidiaries, invents, scales, and licenses haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.
- Get a free copy of the StockNews.com research report on Immersion (IMMR)
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